THE CUBA REVIE TV 



Cuban Budgetary Proposals for 1923-1924 



Based on Report from Acting Commercial Attache Paul L. Edwards, Habana, January 25. 



The President of Cuba sent to the Cuban Congress on January 24, his statement 

 of proposals for the Cuban national budget for 1923-24. This preliminary estimate 

 contains potential receipts of $58,660,720, while expenditures are estimated at $58,- 

 582,502, leaving an estimated surplus of about $78,000. The President makes due 

 reservation for changes which may be proposed later, as the budget carries estimates 

 of regular expenses only, and many special appropriations by laws of Congress are 

 made during the course of the fiscal year to make provision for contingent expenses. 



Previous to the fiscal year 1922-23 Government financing involved the expenditure 

 of sums approximately three times as great as the present annual receipts, but budgetary 

 reforms have reduced expenditures to a minimum in an effort to balance the decline 

 in revenues resulting from the sugar crash of 1920 and the economic depression 

 which followed. 



Budget estimates for the fiscal year 1923-24 are slightly in excess of those 

 for the year 1922-23, but the slight increase in expenditure for 1923-24 seems to 

 be reasonable when it is considered that revenues are increasing in proportion. 



The following table shows the budget estimates for the years 1922-23 and 1923-24: 



The Cuban Budget for 1922-23, and the Proposed Budget por 1923-24 

 Items 1922-23 1923-24 



REVENUES 



Customs receipts $29,000,000 $30,569,000 



Port-improvement tax 1,200,000 1,425,220 



Consular receipts 1,600,000 1,200,000 



Postal receipts, etc 2,000,000 2,570,000 



Internal taxes: 



Land taxes and other internal revenue 12,401,000 12,860,000 



State property 427,800 381,500 



Miscellaneous receipts 1,210,000 1,355,000 



Special loan taxes 3,800,000 4,200,000 



National lottery 4,000,000 4,100,000 



Total revenues 55,638,800 58,660,720 



EXPENDITURES 



Interest and amortization on public debt 8,600,761 8,960,367 



Legislative power 2,178,600 1,718,000 



Judicial power 3,499,332 3,512,748 



Executive departments: 



Presidency 182,385 398,615 



State 1,340,709 1,391,168 



Justice 253,665 253,665 



interior 6,798,052 6,811,746 



Treasury 2,874,801 3,905,739 



Treasury, additional 695,117 



Public instruction 8,424,853 9,735,544 



Public works 3,713,518 3,992,606 



Public charities and health 4,749,508 5,167,951 



Agriculture, commerce, and labor 783.973 850,826 



War and navy 9,516,025 9,836,828 



Special fund for pensions of veterans 1,240,803 1,334,088 



Fund for improvement of ports 712,610 



Total expenditures 54,852,102 58,582,502 



